GERMANY

German Chancellor Merkel speaks during the opening of the Annual Meeting 2012 at the World Economic Forum (WEF) in Davos

Merkel Says Greek Debt Talks on 'Good Path'

German Chancellor Angela Merkel said on Thursday talks between the Greek government and its private creditors were on track but next Monday's EU summit would focus on how to boost growth and employment in Europe rather than Greece's predicament.

ECB at Center as Greek Debt Talks Resume

Charles Dallara
Greece's tortuous negotiations over a debt swap with private creditors entered a new phase on Thursday with focus on how much the European Central Bank and other public creditors may need to contribute.
People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow

Hennes & Mauritz Issues Gloomy Outlook

World No.2 fashion retailer Hennes & Mauritz (HMb.ST) said a gloomy economic outlook would keep demand subdued this year and discounting to shift unsold stock, which led to a surprise drop in fourth-quarter profit, had continued into January.
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Kim Dotcom

Kim Dotcom: What's next for Megaupload, Megavideo Founder Denied Bail?

Kim Dotcom, founder of file-sharing sites Megaupload and Megavideo, was denied bail on Wednesday. A New Zealand judge ruled that the copyright infringement suspect, a.k.a. Kim Schmitz and Kim Tim Jim Vestor, would be in custody for at least another month, saying he posed a significant flight risk.
The war on Internet piracy was fueled last month when Kim Dotcom, founder of online media download empire Megaupload, was arrested in New Zealand. Federal courts overturned the decision and released Dotcom on bail last week. But now, in what could be one

'Come for Coffee, Don't Forget the Cocaine,' Dotcom Joked

Kim Dotcom, the founder of file-sharing site Megaupload.com who faces a lengthy jail term in the United States if convicted of racketeering, money laundering and Internet piracy, seems to have a mischievous sense of humor.
Bruce Springsteen New Album 2012

Bruce Springsteen Tour 2012: Schedule, Dates, Locations for U.S. + Europe [FULL LIST]

Bruce Springsteen and the E Street Band have an extensive tour planned for 2012 in the U.S. and in Europe. The Wrecking Ball World Tour will begin on Mar. 18 in Atlanta, Ga. and end in Helsinki, Finland at the end of July 2012. Find the official schedule with all dates and locations for U.S. and Europe here.
Head of the Institute of International Finance (IIF) Charles Dallara in Athens

Greece Hopes for Debt Deal Soon, Talks to Resume

Greece hoped on Wednesday it could wrap up tortuous negotiations on a debt swap as early as this week when private creditors return to Athens for a fresh round of talks to avert a chaotic default.

Brent Crude Oil Falls Below $100 on Recession Fears

Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.
Tents of 'Occupy Frankfurt' movement are pictured next to Euro currency sign sculpture in front of ECB headquarters in Frankfurt

European Shares, Single Currency Decline

The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
10. Frankfurt

Strong Business Morale Shows Germany Will Avoid Recession

German business sentiment rose for the third month in a row in January, beating expectations and offering fresh evidence that Europe's largest economy is shrugging off a sovereign debt crisis that has hammered growth in other euro zone countries.
The Federal Reserve building is pictured in Washington

European Markets Firmer, Focus on Economy, Fed

European shares and the single currency held firm on Wednesday as investor focus switched to the broader economic outlook and some strong results from leading U.S. companies, and away from worries about the stalemate in Greek debt talks.
Customers look at Samsung Electronics' Galaxy Tab tablet computers at a store in Seoul

Apple Loses to Samsung on Dutch Sales of Galaxy Tablets

Samsung won the latest round of its legal battles with Apple Tuesday when a Dutch judge ruled its appeal insufficient to block Samsung tablets for stealing Apple designs. It's a double victory for Samsung because the Netherlands is an important distribution center for the rest of Europe.
FileSonic Site

File-sharing and Online Storage Sites Duck For Cover Following Megaupload Crackdown

After the U. S. government shut down the major file-sharing and online storage site Megaupload, citing copyright infringement and other felonies, last week, similar sites at risk of impending prosecution are now ducking for cover. It gives rise to a question - is Megaupload shutdown the beginning of the end of these sites?
Can the Economy Improve in 2012?

Global Economy 2012: Eurozone, China and Oil Price Present Major Concerns

While global financial markets have calmed down in the waning days of 2011 and early 2012, debt problems in eurozone, China's real estate problem and oil price pressure are three big concerns which haunt the near-term outlook according to a leading macro-economy guidance organization.
Casa Berardi Project

Gold Prices Rise 1% to 6-Week High

Gold rose 1 percent on Monday to a six-week high, boosted by technical buying and as the euro rallied ahead of the outcome of a euro zone meeting on Greek debt restructuring.
The highest index on the DAX board is pictured at the Frankfurt stock exchange

European Stocks Hit Highest Level Since August

European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
International Business Times Logo

Wall Street Flat, Rally Could Resume on Earnings

Stocks were little changed on Monday as recent earnings reports and development in the Eurozone provided little incentive to disrupt the recent tone for equities on the heels of the best weekly performance by the S&P 500 in a month.

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